Which of the following would shift the world supply curve up?
A)Continuing devaluation of the yuan by the Chinese
B)Government policies that lower wages in foreign countries
C)A decision by the Chinese to allow the yuan to appreciate
D)An appreciation of the U.S. currency

Question

Quizplus · Accepted Answer

An appreciation of the yuan would make Chinese goods more expensive on the world market, effectively reducing supply at any given price, thus shifting the world supply curve up.

Which of the Following Would Shift the World Supply Curve